{"id":75188,"date":"2021-01-04T15:15:55","date_gmt":"2021-01-04T09:45:55","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=75188"},"modified":"2021-01-04T16:24:08","modified_gmt":"2021-01-04T10:54:08","slug":"rbi-launches-digital-payments-index-to-track-transactions","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-launches-digital-payments-index-to-track-transactions\/","title":{"rendered":"RBI launches Digital payments index to track transactions"},"content":{"rendered":"<p><strong>News:\u00a0<\/strong>Reserve Bank of India(RBI) has launched a composite Digital Payments Index(DPI).<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<ul>\n<li><strong>Objective:\u00a0<\/strong>To capture the extent of digitisation of payments across the country given the sharp pick-up in digital transactions seen in the recent past.<\/li>\n<li><strong>Parameters:<\/strong>\u00a0The index comprises five broad parameters with varying weights to measure the penetration of digital payments.The five key parameters include:\n<ul>\n<li>Payment enablers (25%).<\/li>\n<li>Payment infrastructure\u2014demand-side factors (10%).<\/li>\n<li>Payment infrastructure\u2014supply-side factors (15%).<\/li>\n<li>Payment performance (45%).<\/li>\n<li>Consumer centricity (5%).<\/li>\n<\/ul>\n<\/li>\n<li>These factors include multiple sub-parameters that would help the regulator conduct its study into the digital payment ecosystem.<\/li>\n<li><strong>Duration of Releasing Index:\u00a0<\/strong>The index shall be published on RBI\u2019s website on a semi-annual basis from March 2021 onwards with a lag of 4 months.<\/li>\n<li><strong>Base Year:\u00a0<\/strong>The index has been constructed with March 2018 as the base period.At a base of 100 for March 2018, the RBI has measured that the index rose to 153.47 and 207.84 in 2019 and 2020 respectively.<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/companies\/rbi-launches-digital-payments-index-to-track-transactions-6293871.html\" target=\"_blank\" rel=\"noopener noreferrer\">Article source<\/a><\/strong><\/p>\n<p><b>Read Also:-<\/b><a style=\"color: #ff0000;\" href=\"https:\/\/forumias.com\/blog\/current-affairs\/\" target=\"_blank\" rel=\"noopener noreferrer\">CURRENT AFFAIRS 2020-2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:\u00a0Reserve Bank of India(RBI) has launched a composite Digital Payments Index(DPI). Facts: Objective:\u00a0To capture the extent of digitisation of payments across the country given the sharp pick-up in digital transactions seen in the recent past. Parameters:\u00a0The index comprises five broad parameters with varying weights to measure the penetration of digital payments.The five key parameters include:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-launches-digital-payments-index-to-track-transactions\/\">Continue reading <span class=\"screen-reader-text\">RBI launches Digital payments index to track transactions<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":75265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1351,1310,1305,9],"tags":[1278],"class_list":["post-75188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-daily-news-updates","category-index-reports-bodies","category-public","tag-eco_4","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/01\/RBI-launches-Digital-payments-index-to-track-transactions.jpg?fit=1280%2C720&ssl=1","views":{"total":0,"cached_at":"","cached_date":1700437422},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/75188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=75188"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/75188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/75265"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=75188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=75188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=75188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}